February 04th, 2014

2/4/2014

tt6_5.3_annumities_and_pensions_4-2-2014.pdf
File Size:	232 kb
File Type:	pdf

2/4/2014 01:10:42 pm

Sir since you have to convert 3 years into months, does that also mean that there will be 360 terms?

Mr R

2/4/2014 01:31:24 pm

Yes. 30 years = 360 months of installments

2/4/2014 01:11:20 pm

*30 years

2/4/2014 01:21:48 pm

Sir I don't understand how to do that Q you gave us sorry.

Mr R

2/4/2014 02:00:16 pm

Solution now uploaded

Siobhan

2/4/2014 02:01:40 pm

Sir, if the percentage rate is in scientific notation how do you get the decimal rate ?

Mr R

2/4/2014 02:57:30 pm

eg. 2.33 x 10^-3 = 0.00233
The power, in this example -3, means that you move the decimal places 3 places to the left to write in decimal form.

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